Re: Carbon Trading
Bascially, the idea is you pay for your carbon usage.
If your factory pollutes lots, you'll have to buy more carbon credits.
If you build a clean factory, you can sell/trade your carbon credits.
The more dirty we are, the higher the cost of carbon, the cleaner we get, the price of carbon credits drops.
It's very intriguing, and if you believe in the efficiency of free market economies, somewhat difficult to argue with at the intellectual level.
Now putting it in the hands of politicians...it very well could get totally botched in execution (like CA power dereg).